A week after revealing that a $23 million loss in the first quarter had dropped its equity below zero, BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., said late Monday that it is pursuing a stock offering in hopes of raising $30 million in fresh capital.

NEW BRUNSWICK, N.J. – Affinity FCU, which acquired troubled Rutgers University Student and Alumni FCU last year, is searching for a new on-campus home after university officials said the merger violates its lease to stay in the student center.

A sharp increase in problem loans dragged down Porter Bancorp's profits in the first quarter.

Chartway Federal Credit Union in Virginia Beach has expanded in Utah With its acquisition Friday of the failed Utah Central Credit Union.

Norwood Financial Corp. in Honesdale, Pa., said Monday that it had received regulatory approval to acquire North Penn Bancorp Inc. in Scranton.

Georgia United Credit Union in Atlanta said Monday that it had completed its merger with State Employees Credit Union over the weekend.

First Niagara Financial Group in Buffalo is planning to add 500 new jobs over the next five years to support its rapid expansion.

Buoyed by strong loan growth, North Jersey Community Bank earned a record $1.5 million in the first quarter, up nearly 175% from the same period last year.

If 2010 was the year buyers returned to community bank M&A, this is shaping up to be the year sellers come to the table in earnest. With the return of premium valuations, weak loan demand, and new regulatory burdens, weary bankers are finding that the most appealing option is selling.

First Commons Bank in Newton Centre, Mass., has raised $7.4 million of fresh capital that it intends to fund its expansion.

CHESTERFIELD, Mo.-First Community Credit Union is reporting it has seen higher transaction volume at branches it has inside Walmarts vs. stand-alone branches.

Several frequent buyers of failed banks struck new deals with regulators on Friday for another batch of collapsed institutions. In total, the Federal Deposit Insurance Corp. took five banks into receivership, with a total of $2.16 billion in assets.

Several frequent buyers of failed banks struck new deals with regulators on Friday for another batch of collapsed institutions. In total, the Federal Deposit Insurance Corp. took five banks into receivership, with a total of $2.16 billion in assets.

BNC Bancorp in High Point, N.C., on Friday posted a profitable first quarter while stating that remains interested in making bank acquisitions.

United Bancorp Inc. in Martins Ferry, Ohio, reported another profitable quarter despite higher credit costs. The $431.1 million-asset company posted a gain of $738,000 in the first quarter, compared with $683,000 a year earlier.

First Carolina Corporate Credit Union in Greensboro said Friday that it raised $60 million in new perpetual contributed capital, becoming the latest corporate to successfully complete a recapitalization.

First National Bank of the Gulf Coast in Naples on Friday sold the first $40 million of common stock under a planned $148 million private placement.

Battered by problem loans, Tennessee Commerce said it lost $3.2 million in the first quarter. By comparison, the company earned $553,000 in the fourth quarter of 2010.

Thomas O'Brien, the chief executive and president of State Bancorp, just proved the adage that short-term pain can sometimes yield long-term gains.